Current conditions favor continued growth for the commercial and multifamily property sectors; Phoenix hovered around the top three
for rent growth
By Chris Nebenzahl | MHN
Most real estate investors, developers and operators will look back on 2018 as a year that exceeded expectations. Despite the longevity of the current cycle, and significant new development of multifamily, self storage and industrial product, fundamentals in those sectors remain strong, and demand for assets is robust. These largely positive trends face some crosswinds, as policy initiatives related to immigration and trade may exert a drag on the economy that, in turn, affects the real estate market. However, household and job formation—particularly in office-using employment—will bolster the commercial and multifamily sectors for at least the next several years.
